The Federal Government has said it would further review its pricing template for petrol with the aim of removing several multi-layered charges and costs that affect the pump price of petrol at service stations across the country.
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The Federal Government says it has been saving a total of $4m (N1.22bn) daily in fuel import bill since May 12, this year when it stopped paying subsidy claims to importers. The Minister of Budget and National Planning, Senator Udo Udoma, who confirmed the figure, said the liberalisation policy in the oil sector had also led to a 30 per […]
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The Obama administration on Tuesday unveiled new fuel efficiency standards for heavy-duty vehicles, which it said would both reduce carbon emissions and save drivers billions of dollars at the pump. The standards, unveiled as President Barack Obama enters the last five months of his final term, apply to heavy duty vehicles which account for 20 percent of greenhouse gas emissions […]
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The organised labour has threatened to call out its members for a strike should the federal government go ahead to increase pump prices of petroleum products. According to the NLC President, Ayuba Wabba, such action will worsen the suffering workers are experiencing from the negative impact of a similar upward review of petroleum products prices carried out last year. He […]
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A Press Release by the office of the Army Public Relations has confirmed the interception of a fuel-laden truck at a security checkpoint on the outskirts of Maiduguri, on its way to make delivery to the Boko Haram terrorists. The Press Release signed by the Acting Director of Army Public Relations, Colonel Sani Kukasheka Usman and titled “Troops nab suspected […]
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Conoil Plc said it has placed orders for two new world-class, state-of-the-art bowsers to deepen its quality service delivery to leading domestic and international airlines operating in the nation’s airspace. The company said in a statement that the new bowsers have combined storage capacity of 62,000 liters and the ability to refuel aircraft at 1,500 liters per minute.
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The Major Oil Marketers Association of Nigeria (MOMAN) has faulted the claim by the Nigerian National Petroleum Corporation (NNPC) that it has a stock of 1.2 billion litres of petrol, saying such huge volume of products, equivalent to about 300 imported cargoes, could not be stored anywhere in the country! Earlier this month, the NNPC had stated that its downstream […]
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The Root Cause The World Bank Report of 2000 and several other reports have shown that kerosene is principally used to adulterate diesel on account of the price differences between the two fuels. Facts on ground at least in Nigeria tend to give some credence to this. As stated in one of our articles, diesel market is a completely deregulated […]
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Whether you run a large fleet or a modest one, there is a fueling option that works better for you. Except in a worst case scenario as you would find in a ‘force majeure’, there is absolutely no justification for why an up and doing fleet manager should fail in ensuring his trucks are adequately fueled and ready to go […]
Continue reading »Why you need a Strategic Fleet Fuel Management Plan Rising diesel prices, epileptic product availability, increasing incidences of fuel contamination, an unsteady economic outlook and shrinking supply of qualified drivers have all combined to change how you need to manage your fuel program. In an era where fuel expense occupies the biggest slice of every haulage company’s total operating cost […]
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Today, the White House Website released a Factsheet titled ‘Opportunity For All: Improving the Fuel Efficiency of American Trucks’ outlining President Obama’s plan to improve the fuel efficiency of American trucks through a number of deliberate action steps targeted at bolstering energy security, cutting carbon pollution and spurring manufacturing innovation. Details emanating from the factsheet indicated that Federal standards for […]
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Four days, four petrol tanker accidents in densely populated areas of Lagos and one major fatality! On the 8th of January, in Berger Suya, Apapa, Lagos at about 9.30-10pm, a petrol tanker fell, spilled its products and went up in flames leaving a trail of unimaginable loss of lives and properties. On the 9th of January, around 2am, another […]
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